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Apr 23, 2013
04/13
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to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher than
to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for...
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Apr 22, 2013
04/13
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FBC
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faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution -- administration views the sequester as a attempt to score political points rather than address issues and than find real savings in a bloated federal brock bureaucracy. the way they arranged the law, they have few other options. >> the faa unlike other agencies is personnel heavy. in the end you can not avoid, when 70% of your operating budget is personnel you can not avoid when the cuts are deep as they are in the sequester the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across-the-board cuts like this. >
faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution --...
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Apr 22, 2013
04/13
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CNBC
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we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs. business and leisure travellers we talked to earlier today agree. >> traveling is stressful enough and when you don't know how long it's going to take you to get through the line, you have to add extra time that you wish you didn't have to to get from point a to point b. >> that will impact not only the stockholders, the employees, but also all of our customers. >> now, for the record, the faa will be furloughing 15,000 controllers. they have to take at least one day off every other week from now through the end of september. in our next update on "power lun lunch" we're going to talk to a spokesma
we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs....
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Apr 23, 2013
04/13
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as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air cargo system may be as much as two billion pounds of goods lighter as a result of fewer cargo flights. boeing dreamliners may be heading for the skies, possibly as early as next week. the 787s have been grounded since january because a couple of lithium ion batteries on board caught on fire. boeing reportedly has engineers and techs working this week to install re-inforced batteries on its jets, which will reduce the risk of overheating. "it took a long time to prove this fix, about 3 weeks longer than boeing thought necessary, so i think they feel pressure now to go ahead, allow these planes
as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air...
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Apr 23, 2013
04/13
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the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk. they didn't know their plane would not take off until the doors were closed and we were wheels up in 15 minute, they thought was the maximum and the pilot comes back and says listen, we can't land. they don't have enough people to land us in kennedy. >> thank you for the tweets on that because honestly and we were glad you brought it to our attention. thank you very much. >> our guest host this morning is henry blodget. he has thoughts on there as well. squawk will be right back. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in ac
the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk....
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Apr 23, 2013
04/13
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we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer flights and furloughing workers to make life hard. what's that about? >> these are the priorities of government. and they would be absurd if they weren't just outrageous. they whose -- faa chose to prioritize air safety and passenger service, chose inflict as much political pain as possible on the traveling public. they have the money. as you pointed out. and they have a lot less, what i would say, frivolous spending on conferences, consultants, supplies, that they could be, frankly, prioritizing for -- another thing is, a year-and-a-half. since the sequester law became law to se
we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer...
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Apr 22, 2013
04/13
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FBC
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on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to maximize the disruption assuming it rules out and disruptions occurred. not a good situation. rich: the obama administration says the altar of the faa staff is personnel workers, the only way to comply with the numbers of these automatic but it cuts is you have to furlough air traffic controllers. back to you. liz: that to me seems everybody is overblown mess. what do you think? rich: it depends on where you go. when i started with a flight control system where there are no delays. differentiating if this is delayed because of weather or if jfk they are doing tarmac work or the wind at laguardia. the number of di
on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to...
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Apr 22, 2013
04/13
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>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >> and the question is, if you're waking up this morning, you have a choice of which airport you're going to, he's going to laguardia, maybe, new york or jfk. >> give me some advice. >> what do you do? we're trying to get him into teet teeterboro. mike? >> any airport is going to get gummed up. >> it doesn't matter? >> no. look, your delay out of laguardia means you're going to miss your connection in chicago. so it's a whole system. omaha is going to get hit, lincoln is going to get hit, everybody is going to get hi it. >> but to be fair, we
>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >>...
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Apr 23, 2013
04/13
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they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition to some security concerns, of course, from the furlough, how this is going to impact airlines and the broader economy is a big issue. southwest estimates the cost could be $200 million a year for that airline. american, of course, a bigger airline saying that it could cost them $650 million a year. carl, a couple of caveats to think about. of course weather could be the biggest reason you see flight delays. we had windy conditions here in new york city. everybody was willing to point the finger at the sequester. the other issue, of course, is the fact that you have different
they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition...
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Apr 23, 2013
04/13
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an ho later. ho later. just asking. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. [ male announcer ] a car that can actually see like e a hum, using ste
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Apr 23, 2013
04/13
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that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for example, american airlines say it could see a hit of $1.7 million a day as a result of this. now, some suggesting that people may be too quick to point the finger at washington. the faa saying in a statement that 1200 delays yesterday occurred because of the furloughs, but that 1400 more occurred because of bad weather and other factors. so a couple things to consider, but for now i want to send it over to phil lebeau, a top member of the air travel controllers union. >> imto bring in dean yakapelli, in charge of the association, the new york office. dean, your people are the ones who staff
that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for...
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Apr 22, 2013
04/13
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FBC
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an hour later. just asking. we will be right back... and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expea helps 30 million travelers a month find what they're looking for. one traveler at a time
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Apr 22, 2013
04/13
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FBC
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there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very well because they can rely on their constituent groups, airlines and airport operators to run to congress in an attempt to put pressure on them to throw more money at the problem. >> so we have about a dozen flight delays here out of national airport, many of them going into new york area airports. it is tough to differentiate whether it is a problem with air traffic control or flying system you will get delays. you can't go into this assuming before sequestration and furloughs there were no delays at any airport. trying to figure out what the exact impact is rather difficult. however the airline industry said is co
there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very...
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Apr 22, 2013
04/13
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the airline industry says the faa's plan maximizes flight delays. >> we believe that the faa has the discretion not to furlough the air traffic controllers. they keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that's critical to our economy. >> congressional republicans charge the administration is structuring these cuts to worsen their impact. in a statement, congressman bill shuster the chairman of the house committee on transportation and freezing rain structure says quote the administration views the sequester as an attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. he points to sizeable increases in the faa's budget and continued spending on consultants and travel. the administration says the law requiring these cuts gives officials few options. >> furloughs cannot be avoided. 70% of the faa's operation's budget is personnel. the faa must furlough 47,000 employees up to 11 days between now and the end of the fiscal year. >> the replace cuts with other cut
the airline industry says the faa's plan maximizes flight delays. >> we believe that the faa has the discretion not to furlough the air traffic controllers. they keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that's critical to our economy. >> congressional republicans charge the administration is structuring these cuts to worsen their impact. in a statement, congressman bill shuster the chairman of the house committee on...
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Apr 23, 2013
04/13
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FBC
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the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican bill that specifically gave him flexibility? why did he reject the opportunity to emplo and void inflicting pain? he wants air travelers to blame republicans. as you sit on the tarmac, you're being urged to write to congress. administration is using the heavily regulated airlines to channel your anger. it hurts them, so blame the republicans, not me. i don't think it is going to work. we can see through this ploy and don't we deserve better management than this? i'm going to try to remember the last time a president deliberately hurt the pres
the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican...
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Apr 24, 2013
04/13
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republicans say the faa has been mismanaged. there's clearly irritation that 10% of the country's air-traffic controllers have been furloughed and some suggestedlet money should come from elsewhere in the faa budget. >> these are all bad choices. i acknowledge that. but in order to comply with the guidelines of the sequester law, we have to take these actions. >> i wish you would have told us earlier so we had a chance to plan. >> lawmakers told him they knew the cuts were coming but only get the details of how they'll be carried out last week. >> shepard: with everybody in the country screaming and yelling and 3-hour delays, my guess is they're going to figure something out. >> well, that's what everybody's waiting for. which side will blink first. one lawmaker representing the chicago area, a democrat, said what about the idea if you avoided the nation's largest and busiest airports, think o'hare, thinking that would be good for the traveling public. >> with all due respective a hard time believing that atlanta, chicago, and s
republicans say the faa has been mismanaged. there's clearly irritation that 10% of the country's air-traffic controllers have been furloughed and some suggestedlet money should come from elsewhere in the faa budget. >> these are all bad choices. i acknowledge that. but in order to comply with the guidelines of the sequester law, we have to take these actions. >> i wish you would have told us earlier so we had a chance to plan. >> lawmakers told him they knew the cuts were...
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Apr 19, 2013
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the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline stocks. it has been a great year. hope that doesn't get blown up by all of this. i'm going on vacation on sunday. that is when the furloughs are starting to kick in. i will be reporting angrily from the airport if you see me on monday, i'm not going to be happy. tracy:. tracy: ashley will be back on monday. you know how he gets when he talks about airlines and airline experiences. between the two of you will be good tv. jeff flock. >> thanks, trace. tracy: quarter past the hour. we have to get a check on these markets. as we do, lauren simonetti on the floor the exchange. we're lo
the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline...
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Apr 22, 2013
04/13
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the faa warning in some cases, passengers could see delays of 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress to save more than $600 million. "today in the bay's" bob redell is at sfo checking on all the delays. we will have more details coming from bob at the airport coming up in a matter of minutes. >>> it is also earth day. crews were busy over the weekend. the odd things they found at the beach. >>> plus, we'll take a look at huge pressure on that company this morning as it gets ready to report profits ahead in business. >>> we are going to check in for rob mayeda. 5:11. this is also an important week for apple, california's most valuable company must prove it still deserves the title. not long ago, we were referring to the tech giant as america's most valuable company. >> america, not anymore. apple has fallen way beyond exxon in overall market capitalization. pressure growing on ceo tim cook to say something, do something, excite the apple faithful and share holders. show we have got something up his slee
the faa warning in some cases, passengers could see delays of 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress to save more than $600 million. "today in the bay's" bob redell is at sfo checking on all the delays. we will have more details coming from bob at the airport coming up in a matter of minutes. >>> it is also earth day. crews were busy over the weekend. the odd things they found at the beach. >>> plus,...
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Apr 22, 2013
04/13
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also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
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Apr 24, 2013
04/13
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CNBC
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even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date, great earnings, but the time to buy is when they were grounded for the batteries, not when they're about to get back in the air. so we are seeing right now a bigger short interest come into this name here. we're seeing potential, you know, the lag, the way sequestration works, bill, you're going to see a lag. this could be a situation as we go into summer and fall, sequestration hits us. but we like this company on a pullback. it's based in chicago, i'm a big fan of boeing, but way too expensive here. >> jeff, why don't you hop on a plane back to chicago with all of that. >>
even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date,...
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Apr 23, 2013
04/13
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MSNBCW
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the faa has been forced to slash hours for 47,000 employees. including 15,000 air traffic controllers. and we're seeing airport delays all across the country. surely boehner and cantor are -- would be flying high. after all, they got those spending cuts they wanted to badly, didn't they? not quite. instead, they're still on the attack against the president. pushing the twitter hashtag obama flight delays. there it is tweeted by speaker boehner. majority leader cantor is on board, too. he's tweeting, why is president obama unnecessarily delays your flight? faa could have cut other spending. boarding call for mr. boehner and mr. cantor. you can't support something, then turn around and blame it on the president. any other ideas? >> it's time to cut spending here in washington. >> good one, mr. speaker. it's time to delay the takeoff of this hypocrisy. nice try, republicans. but we got you. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a q
the faa has been forced to slash hours for 47,000 employees. including 15,000 air traffic controllers. and we're seeing airport delays all across the country. surely boehner and cantor are -- would be flying high. after all, they got those spending cuts they wanted to badly, didn't they? not quite. instead, they're still on the attack against the president. pushing the twitter hashtag obama flight delays. there it is tweeted by speaker boehner. majority leader cantor is on board, too. he's...
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Apr 24, 2013
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i think the president miss prioritized by not having the faa -- he was given the authority by the republicans -- >> you were the guy who was far -- i thought you were the guy who was for unsafe air and unclean water? >> got to get it right. dirty air and dirty water, and kids with autism and down syndrome and the elderly will fend for themselves and we want to kill granny. >> but, but you are for airline safety, and i appreciate that. >> i am. absolutely. look, austin, here's the problem. we are robbing our kids blind. our kids -- >> if you are for cuts, then stand up and say i'm for cuts. >> yeah, i'm for cutting, absolutely. >> so why are you complaining about -- i should be complaining. i was complaining. i was stuck tonight runway at o'hare because they are cutting this. why are you complaining? >> obama had no problem spending 1830 grand per hour on his jet we pay for so why didn't he lend it to you? >> is your position that if any dollar in the government is wasted, then all government spending should remain because compared to that wasted dollar -- >> i'm saying this was obama's idea.
i think the president miss prioritized by not having the faa -- he was given the authority by the republicans -- >> you were the guy who was far -- i thought you were the guy who was for unsafe air and unclean water? >> got to get it right. dirty air and dirty water, and kids with autism and down syndrome and the elderly will fend for themselves and we want to kill granny. >> but, but you are for airline safety, and i appreciate that. >> i am. absolutely. look, austin,...
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Apr 23, 2013
04/13
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FBC
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ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days in a row with up
ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole...
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Apr 23, 2013
04/13
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CNNW
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due to faa staffing issues, workforce reductions, that started sunday night. erin was on a flight sunday night from las vegas to l.a. little did she know, forced spending cuts began the same day, reducing the number of air traffic controllers on duty. the result? major flight delays. >> on an 8:25, and when i rebooked, our departure time, 1:45 a.m. a couple airline employees said it was due to fog, and a couple says it was due to sequestration. >> reporter: actually it was both according to air traffic union rep, who was working sunday night. there are four parallel runways that can operate simultaneously on clear days. >> when the weather comes in, we go to a in, we go to a two runway rate. >> that requires one air traffic controller monitoring each arriving plane. the lax air traffic control tower is operating on delaying. >> reporter: it doesn't create much to create a big backlog. 400 flights were delayed because of staffing shortages sunday night. >> these are awful and they must stop. we cannot let these delays go through. not because of convenience, but
due to faa staffing issues, workforce reductions, that started sunday night. erin was on a flight sunday night from las vegas to l.a. little did she know, forced spending cuts began the same day, reducing the number of air traffic controllers on duty. the result? major flight delays. >> on an 8:25, and when i rebooked, our departure time, 1:45 a.m. a couple airline employees said it was due to fog, and a couple says it was due to sequestration. >> reporter: actually it was both...
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Apr 22, 2013
04/13
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government budget cuts that kicked in last month are forcing the faa and other agencies to cut some spending. f furloughs kicked in yesterday. the agency will furlough some 15,000 air traffic controllers. because of the cuts airports say passengers should expect increased delays. the length of the delays will vary depending on the schedule and situation at each specific airport. employees at the epa, office of management and budget, also face furloughs starting this week. >>> residents and investigators continue their search today through the destruction in west, texas, to try to figure out what caused the fertilizer plant there to explode. investigators say they found the origin of the explosion, but they still don't know what caused the initial fire that led to the blast last wednesday. fertilizer company is working closely with authorities to aid the investigation. the death toll from the blast remains at 14. a public memorial for first responders will take place in the town later this week. by the way, all the presidents, ex and otherwise will be in dallas. don't be surprised if there's
government budget cuts that kicked in last month are forcing the faa and other agencies to cut some spending. f furloughs kicked in yesterday. the agency will furlough some 15,000 air traffic controllers. because of the cuts airports say passengers should expect increased delays. the length of the delays will vary depending on the schedule and situation at each specific airport. employees at the epa, office of management and budget, also face furloughs starting this week. >>> residents...
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Apr 23, 2013
04/13
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republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my republican polling partner did a great analysis of the state of the state education. >> it is not glamorous but essential. >> pete williams. >> here it is. that is the way to look at it. that's it for this edition of "the daily run down" we know there is potentially intriguing breaking news. tomorrow we will talk to congressman mike mccall just hours after he received a top secret briefing. >>> and taking a dive to the race for john kerry's former senate seat. chris jansing, bye-bye. at the airports not too many problems. most likely be areas like kansas city or chicago or st. louis with
republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my...
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Apr 24, 2013
04/13
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FOXNEWSW
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some lawmakers complained that the faa did not say how all of this would be implemented until last week. >> we have been talking about reduction in available controller hours of 10 pierce for months. >> you didn't tell them which airports, which airlines? >> we told them that they should expect significant impacts at major hub facilities. >> well, lat at this da. everyone new that. >> now w. now the f.a.a. saying more than 125,000 flight delays yesterday alone were attributed to staff reductions due to furloughs, lawmakers are likely feeling pressure from unhappy constituents. among the suggestions today, targeting the furloughs to less busy airports but the f.a.a. says it cannot pick winners and losers, it's also been suggested it could cut less important parts of the agency's budget which the white house says is not correct. >> the law does not allow for the kind of flexibility when it comes to the f. auburn hills budget that some of these members, republicans principally, all claim it has. they should read the law. they wrote it, they should know what's in it. >> there are a number o
some lawmakers complained that the faa did not say how all of this would be implemented until last week. >> we have been talking about reduction in available controller hours of 10 pierce for months. >> you didn't tell them which airports, which airlines? >> we told them that they should expect significant impacts at major hub facilities. >> well, lat at this da. everyone new that. >> now w. now the f.a.a. saying more than 125,000 flight delays yesterday alone were...
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Apr 24, 2013
04/13
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CNBC
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. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service. >> everyone doubted them just like novak. people should stop doubting good ceos that know how to deliver. >> we will get six in 60 after a break. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific acti
. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service....
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Apr 23, 2013
04/13
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MSNBCW
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basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic controllers is going to be fixed is if congress rolls back the entire sequester. democrats seem to think this is the best leverage they have to get rid of the sequester altogeth altogether. >> using travelers and air traffic controllers and air safety as political leverage. we'll see how that works out, lisa myers. thank you so much. we greatly appreciate it. let's go to chuck todd right now, nbc news chief white house correspondent political director and host of the "daily rundown." chuck, do you think if a member of congress decides to put a bill on the floor that take
basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic...
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Apr 24, 2013
04/13
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CNBC
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remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is really the engine that's powering these guys right now. think about this, kelly. we expect them for the first quarter to report a profit in north america of greater than $2.7 billion. that would easily be the most profitable first quarter ever for the company probably with a profit margin of close to or if not past 12%. that is the area that when he first took over said we need to get profit margins up north of 10%. they're doing that in north america. the issue remains what's going on in europe and how quickly they are coming along and restructuring it. >> the german automaker saying first quar
remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is...
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Apr 18, 2013
04/13
by
FBC
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reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i can't say we stay in new jersey. liz: good to be with you. this stories in memphis, tenn. dozen irs workers wrongfully charged, being charged with illegally taking government benefits. jobless benefits, food stamps, housing vouchers, welfare, we got a statement from the u.s. attorney on this. iris employees brazenly stealing from law-abiding taxpayers. in the district attorney saying they are freeloaders, doubly frustrated because they are bilking the government money and they know how to work the system being inside the system. we expect better from an irs agents. this is what the story has national
reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i...
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Apr 23, 2013
04/13
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CNNW
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the faa is required to cut $637 million from its budget by the end of september. >>> and at least another inch of rain is expected today in parts of an already flood-ravaged midwest. at least six rivers in northern illinois have surged to record levels and thousands of residents have been displaced. the governor declared 44 counties disaster areas. missouri's governor has also declared a state of emergency. >>> and some momentary shock today after this a.p. tweet was posted, claiming, quote, two explosions in the white house and barack obama is injured. it turns out that the a.p. account was hacked and the erroneous tweet was taken down minutes later. the dow plunged more than 100 points on the news but quickly regained the losses once it was deemed false. a group known as the syrian electronic army has claimed responsibility for this tweet. an fbi spokesperson tells cnn the fbi is now investigating that hack. wolf? >> lisa sylvester, thanks very >> lisa sylvester, thanks very much. -- captions by vitac -- www.vitac.com >>> new images of the shootout between tsarnaev, the two brothers, an
the faa is required to cut $637 million from its budget by the end of september. >>> and at least another inch of rain is expected today in parts of an already flood-ravaged midwest. at least six rivers in northern illinois have surged to record levels and thousands of residents have been displaced. the governor declared 44 counties disaster areas. missouri's governor has also declared a state of emergency. >>> and some momentary shock today after this a.p. tweet was posted,...
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Apr 19, 2013
04/13
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CNBC
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separately, there are reports that the faa could approve boeing 787 dreamliner battery fix and in the plane's three-month grounding and that will probably be impacting the stock today. >> blackstone is ending its pursuit of dell ending the nationwide drop in pc sales and the move is founder michael dell and blackstone pulling out one month after it launched its will challenge to attempt to take dell private and dell shares are trading down in pre-market trading. general electric releasing first quarter earnings this morning and the company reported a 16% jump in earnings versus next quarter. last year on increased oil and gas drilling equipment sales and ge shed the last of its stake in nbc universal, and we have some breaking news, i believe. i'll go to beck owe this. we apparently have breaking news and not sure where we're going for this, but it does -- the affiliate in boston. i take it back. art hogan is standing by at lazard in boston and the events of today have shut down a wide swath of activity and this is not boston, this is not business as usual in boston. at this point abo
separately, there are reports that the faa could approve boeing 787 dreamliner battery fix and in the plane's three-month grounding and that will probably be impacting the stock today. >> blackstone is ending its pursuit of dell ending the nationwide drop in pc sales and the move is founder michael dell and blackstone pulling out one month after it launched its will challenge to attempt to take dell private and dell shares are trading down in pre-market trading. general electric releasing...